WTI Crude Soars Above $48, Highest In 4 Weeks

Echoing the end of August face-ripping rally, WTI crude has soared almost 12% in the last 4 days, pushing the Dec contract above $48 for the first time since mid-September... And the reason? Well, The Fed is raising rates and they wouldn't do that if the economy was not awesome, right?

Surge pricing...

 

In a similarly vicious move to the August-close ramp...

 

Charts: Bloomberg